Bi-Mart was founded in Yakima, Washington, in 1955. The company is an employee owned chain of department stores across the north west U.S. Bi-Mart has changed hands several times over the years with Pay ‘N Save buying the company in 1976, Thrifty Corporation in 1984, PayLess Drugs in 1990, and Rite Aid in 1996. Endeavour Capital purchased the company in 1997 and sold it to employees in 2004 for $94 million.
Bi-Mart stores are quite diversified in their product line. A typical store offers a pharmacy, power tools, sporting goods, canned and packaged foods, clothing, shoes, housewares, small appliances, and personal care products.
Today, the company has 75 locations in Oregon, Washington, and Idaho. Like Costco and Sams, Bi-Mart is a membership store, however, unlike the former, Bi-Mart membership fees are a mere $5 per family and there are no annual renewal fees.